romanambramovich

Russian Billionaires Reluctant to Give Up Their Toys

For most of the decade, Russian billionaires spent hundreds of millions of dollars on boats, jets, expensive art and the occasional football team. But, despite strained bank accounts and public outrage, the tycoons have been loath to part with their expensive trinkets, choosing instead to hunker down and wait for better days. To be sure, [...]

forbes

The 2009 Forbes billionaires list

The American national business magazine, Forbes, compiled and published the list of billionaires including the world’s wealthiest people as of the first quarter 2009, based on each person’s total net worth. Bad news for rich people: last year there were 1,125 billionaires, but this year there are just 793 people rich enough to make the [...]

synchrony-luxury-yacht

Synchrony Fractional Yacht Ownership

“First there were summer house shares, then fractional jet ownership. Apparently, the next step in spreading the wealth is Synchrony, which offers syndicated yacht ownership.” Indeed, owning a yacht is far from a practical proposition, with a high buy-in cost, increasing annual costs and a depreciating asset that remains unused for much of the year. [...]

HONG KONG-HANDOVER-10YEARS-SHOPPING-FILES

How The Luxury Consumer Will Spend In 2009

According to Forbes, wealthy consumers will spend, but differently than before. Exclusivity will be embraced as will quality and dependability. What’s more, luxury brands will begin offering discounts and incentives-something many have never done before. “The days of shopping ’til you drop are over,” says David Lamb, chief strategic officer at diamond giant De Beers, [...]

hearst_castle

The Most Expensive Fictional Houses

Forbes just came out with its first ever ranking of the most expensive houses in the world – that don’t actually exist. All the properties had to be primarily residences and they excluded castles. The most expensive fictional house, according to Forbes, is Xanadu, the home of newspaper baron Charles Foster Kane in Citizen Kane, [...]

America’s Most Expensive ZIP Codes

Forbes has just released its annual ranking of the 100 most expensive zip codes in America. Beverly Hills 90210 for example, barely makes it into the top 10 nowadays with a median home price of $2.41 million, while Bel Air (90077) lags way back at No. 29 with a median price of $1.72 million. New [...]

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